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Nov 17, 2012
11/12
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after boehner's vague comments, there are new concerns that the speaker may give up way too much and agree to tax increases. i'm here to lay out exactly what he has on the table. congressman, good to see you. >> good to be with you, sean. >> sean: i am concerned because -- >> i am -- you and me both? >> i am concerned about caving. you have outgoing virginia governor mcdonald, and former governor haley barbour and others saying, maybe we can give in on these things. did any house republican get elected and say to their constit webts they would raise taxes? if they did, i didn't hear it. >> i don't know a single one. sean, this is not the time to be defensive. and of course, there are plenty of people who say i am very offensive. but this is a time to go on offense, with our big ideas. and use the president's own words. he says everybody ought to pay their fair share, keeping him at his word. he says, warren buffett ought to not pay a lesser percentage than his secretary. what the president proposes will increase taxes on those who are paying a different way for warren buffett. it won
after boehner's vague comments, there are new concerns that the speaker may give up way too much and agree to tax increases. i'm here to lay out exactly what he has on the table. congressman, good to see you. >> good to be with you, sean. >> sean: i am concerned because -- >> i am -- you and me both? >> i am concerned about caving. you have outgoing virginia governor mcdonald, and former governor haley barbour and others saying, maybe we can give in on these things. did...
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Nov 17, 2012
11/12
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and house speaker john boehner said republicans are willing to offer higher tax revenue as part of a deal. >> to show our seriousness we've put revenue on the table, as long as it's accompanied by significant spending cuts. and while we're going to continue to have revenue on the table, it's going to be incumbent for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. >> holman: on the democratic side, senate majority leader reid promised work will continue on a deal over the thanksgiving recess. he said, "we all know something has to be done." wall street took some hope from that white house meeting. the dow jones industrial average gained nearly 46 points to close at 12,588. the nasdaq rose 16 points to close at 2,853. but for the week, the dow and the nasdaq fell nearly 2%. also today, j.p. morgan chase and credit suisse agreed to pay $417 million in a federal civil settlement. they allegedly sold mortgage bonds they knew could fail before the 2008 financial crisis. it looks like twilight for twinkies. hostess brands
and house speaker john boehner said republicans are willing to offer higher tax revenue as part of a deal. >> to show our seriousness we've put revenue on the table, as long as it's accompanied by significant spending cuts. and while we're going to continue to have revenue on the table, it's going to be incumbent for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. >> holman: on the democratic side, senate majority...
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Nov 16, 2012
11/12
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WUSA
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. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as the fiscal cliff. while democrats often balling at any mention of entitlement reform, today nancy pelosi signaled a new openness. >> do we want to have savings from everything that we do? certainly? so we need revenue, we need savings, we need growth. >> reporter: leader pelosi said there appeared to be interest in a big deal, about four trillion dollars worth of deficit redictions along the lines of the grand bargain that fell apart wean the president and speaker boehner last year, anthony. >> mason: nancy, there are just 46 days until the new year. what can they really hope to accomplish in that time?
. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as...
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Nov 17, 2012
11/12
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speaker boehner has said he's open to raising revenue. he has not told us or the american public exactly how he would do it. so i do think it would be useful if he would spell it out, then we would have two clear proposals on the table to compare. >> well, it's going to be a long negotiation, it seems, tough negotiation to work things through. but i know a lot of people are hopeful that a deal comes through before the amendment of the year, sir. >> yes, indeed. again, the model, the framework should be the kind of framework that bipartisan groups have come up with in the past in terms of a mix of cuts and again, we did a trillion dollars in cuts last year, but also revenue. that's the kind of balanced approach we need to take. >> allallall right. thank you for joining us. we appreciate it. >> thank you. >> friday former c.i.a. director david petraeus testified hyped closed doors on capitol hill. for some his testimony about the september 11 benghazi attack raises more questions than it answers. we'll ask two congressmen about that in a fa
speaker boehner has said he's open to raising revenue. he has not told us or the american public exactly how he would do it. so i do think it would be useful if he would spell it out, then we would have two clear proposals on the table to compare. >> well, it's going to be a long negotiation, it seems, tough negotiation to work things through. but i know a lot of people are hopeful that a deal comes through before the amendment of the year, sir. >> yes, indeed. again, the model, the...
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Nov 20, 2012
11/12
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speaker boehner tapped paul ryan to help get his party in line ahead of deficit talks. where in the world is eric cantor? we will talk with luke russert and martin bashir about whether or not the gop can get its frogs in the wheel barrow. >> "new york times" national editor sam sifton says why you shouldn't think about serving salad or anything before the big meal. all of that when "now" starts in a mere 180 seconds. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a tric
speaker boehner tapped paul ryan to help get his party in line ahead of deficit talks. where in the world is eric cantor? we will talk with luke russert and martin bashir about whether or not the gop can get its frogs in the wheel barrow. >> "new york times" national editor sam sifton says why you shouldn't think about serving salad or anything before the big meal. all of that when "now" starts in a mere 180 seconds. [ male announcer ] if you suffer from heartburn 2 or...
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Nov 18, 2012
11/12
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. >> chris: president obama and speaker boehner sounding up beat friday about prospects for cutting a deal to avoid the fiscal cliff and we're back now with the panel. so, after the president and congressional leaders met at the white house, on friday, the rhetoric was reassuring, the question is, is it real? do you get any sense, bob and this is the subject of your new book, that they really do see, are beginning to see a path to a compromise or are they trying to reassure nervous consumers before the christmas holidays and, investors because the stock market is done a thousand points. >> everyone is nervous about this. this is the last chance and the next six weeks could be six weeks that shook the united states if they don't fix this. there clearly is a new mood but the way they'll solve this, is kind of hostage exchange, in other words, the republicans are determined not to let tax rates go up and the president is determined or is determined to get more revenue and, it is possible to do this and the president is going along, it seems, with it some idea of entitlement reform, that
. >> chris: president obama and speaker boehner sounding up beat friday about prospects for cutting a deal to avoid the fiscal cliff and we're back now with the panel. so, after the president and congressional leaders met at the white house, on friday, the rhetoric was reassuring, the question is, is it real? do you get any sense, bob and this is the subject of your new book, that they really do see, are beginning to see a path to a compromise or are they trying to reassure nervous...
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Nov 18, 2012
11/12
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. >> president obama and speaker boehner sounding upbeat friday about prospects for cutting a deal to avoid the fiscal cliff. we are back with the panel. after the congressional leaders and the president met at the white house on friday the rhetoric was reassuring. the question is is it real? do you get the sense, bob, that really do see or are beginning to see a path to a compromise are they they just trying to calm nervous investors because the stock market is going down a thousand points? >> everyone is nervous about this. this is kind of the last chance. the next six weeks could be six weeks that shook the united states if they don't fix this. there clearly is a new mood, but the way they are going to solve this is kind of hostage exchange. in other words, the republicans are determined not to let tax rates go up. the president is determined or is determined to get more revenue. and it's possible to do this. the president is going along, it seems, with some idea of entitlement reform that we are going to actually cut spending. but this is, you know, they are going to have to -- th
. >> president obama and speaker boehner sounding upbeat friday about prospects for cutting a deal to avoid the fiscal cliff. we are back with the panel. after the congressional leaders and the president met at the white house on friday the rhetoric was reassuring. the question is is it real? do you get the sense, bob, that really do see or are beginning to see a path to a compromise are they they just trying to calm nervous investors because the stock market is going down a thousand...
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Nov 18, 2012
11/12
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WJLA
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i saw a picture of john boehner, this cartoon holdingter, john ehner the football and saying to me."a "trust >> there was an election on november 6 and the democrats did the parade who gis here? -- did not do that at e. who gives here? >> everybody has to giveve. >> it is true. of cannot tax your way out cannot slash you out of this get debt. you have to do both. >> gradually. >>>> the president seems to be deal -- a two-for-one every $1 of tax increase, he expenses by $2. . 1-2-3on-bowles had a ratio. republicans want zero. >> the business community does want us to go over the cliff. >> if he uses different -- orage, whether their republicans amenable to an increase in taxes -- >> use the word "revenue." >> you have e an nancy pelosi taking the position that it $1 million, not $250,000. said make itas $500,000. movement ise the going to come. >> we are nibbling at the edges. know, but that is where comes.ement >> i is there a deal behind clod doors that that we don't know about? i don't think so. posturing at this point. >> the tea party is not as was.g as it the memberswho came bac
i saw a picture of john boehner, this cartoon holdingter, john ehner the football and saying to me."a "trust >> there was an election on november 6 and the democrats did the parade who gis here? -- did not do that at e. who gives here? >> everybody has to giveve. >> it is true. of cannot tax your way out cannot slash you out of this get debt. you have to do both. >> gradually. >>>> the president seems to be deal -- a two-for-one every $1 of tax...
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Nov 17, 2012
11/12
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CNBC
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that's what boehner wants to do. what boehner said the day after the zbl the -- >> no, let me pick you up on that. that would be very bullish. i happen to totally agree with you. and that's exactly what speaker john boehner wants to do. that is precisely what he wants to do. essentially have tax reform and have entitlement reform and have it laid out so it it all gets done next year. this year is the down payment. >> that's right. >> now, don, is it too early, though, to make a bet on any of this? that's really what i'm asking. between now and year end, when the bush tax cuts expire at year end, what's a stock market investor to do? you're going to go up, you're going to go down. you saw today you had a is 00-point swing. but that's no way to be invested. what is your advice on how investors play this fiscal debate? >> i understand the sentiment that the wise thing to do is to take a long-term perspective. but every once in a while we experienced this in the summer of 2008. we're experiencing it again now. every once
that's what boehner wants to do. what boehner said the day after the zbl the -- >> no, let me pick you up on that. that would be very bullish. i happen to totally agree with you. and that's exactly what speaker john boehner wants to do. that is precisely what he wants to do. essentially have tax reform and have entitlement reform and have it laid out so it it all gets done next year. this year is the down payment. >> that's right. >> now, don, is it too early, though, to make...
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Nov 16, 2012
11/12
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nancy pelosi and john boehner met with the president this morning. with six weeks left to go, work has to be done quickly. rebecca is live with more on the talks. >> the calendar is showing it is just a few weeks until we fall off the so-called fiscal cliff. that is when extended unemployment benefits will expire, tax cuts will expire, and the automatic spending cuts will go into effect. today congressional leaders were promising they would meet the deadline. >> inside the white house republican house speaker john boehner and president obama sat side by side both insisting they want and will find macdill. >> our challenge is to make sure that we are able to cooperate, work together, find common ground, make some tough compromises, build some consensus to do the people's business. >> coming out of the meeting are rare image of bipartisan ship. >> we have the recognition that every person in america knows we would not reach agreement. >> we are prepared to put everything on the table provided we fixed the problem. however, we are in the dilemma we are
nancy pelosi and john boehner met with the president this morning. with six weeks left to go, work has to be done quickly. rebecca is live with more on the talks. >> the calendar is showing it is just a few weeks until we fall off the so-called fiscal cliff. that is when extended unemployment benefits will expire, tax cuts will expire, and the automatic spending cuts will go into effect. today congressional leaders were promising they would meet the deadline. >> inside the white...
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Nov 16, 2012
11/12
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FOXNEWSW
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john boehner is pulled by two groups. one he does not want to be obstructionist not to allow tax cuts for lower group to go through and doesn't want tax cuts to go through. he is pulled on that side and by his own party. what i hope is that the vast majority of the republicans hold true and if some of the republicans peel off, i would, that would be fine. if they pushed through obama's bill, but i do not want to see them punished. but the republicans need to have this position for 2014 and the rest of 2013 when the economy goes in the garbage dump. republicans are right. bill: two more quick questions on this. >> sure. bill: when these congressional leaders speak, what sort of code words should we be listening for today? >> well i don't know what they would say to each other but on the outside, using the word rates left revenues and that type of stuff are code words especially coming from the president. if he talks about raising revenues and does not insist on it being rates there is a good compromise possible. if he forc
john boehner is pulled by two groups. one he does not want to be obstructionist not to allow tax cuts for lower group to go through and doesn't want tax cuts to go through. he is pulled on that side and by his own party. what i hope is that the vast majority of the republicans hold true and if some of the republicans peel off, i would, that would be fine. if they pushed through obama's bill, but i do not want to see them punished. but the republicans need to have this position for 2014 and the...
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Nov 17, 2012
11/12
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boehner has indicated he's putting revenues on the table. that makes it possible for us to begin the very difficult discussion about what revenues and how do you get them and what cuts and how do you make them. so we have a lot of work to do. at least the framework is some greater possibility for a positive outcome. >> last time around, republicans insisted that any new increases in revenue must be off-set by a lowering of tax rates. are you encouraged by the gop's apparent new willingness to accept a more balanced approach? >> i'm very much encouraged by it. that is what made it impossible for us to even have discussions at all up until the election results came in. as you know, president obama ran on a very explicit platform of restoring the clinton area tax rates for folks above $250,000. romney explicitly ran against that. exit polls showed half the folks who voted for romney in fact supported the obama position on taxes. the other thing that's important to keep in mind, we -- our congress actually has made a trillion and a half dollars
boehner has indicated he's putting revenues on the table. that makes it possible for us to begin the very difficult discussion about what revenues and how do you get them and what cuts and how do you make them. so we have a lot of work to do. at least the framework is some greater possibility for a positive outcome. >> last time around, republicans insisted that any new increases in revenue must be off-set by a lowering of tax rates. are you encouraged by the gop's apparent new...
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Nov 17, 2012
11/12
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CURRENT
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look here we go with more boehner love. i have to show this. this happenedda at the end of the meaning. >> wait, wait, excuse me there is one other point that i want to make and that is my understanding is material is speaker boehner's birthday. for those of you who want to wish hip a happy birthday -- we not not embarrass him with a cake because we didn't know how many candies were needed. >> yeah, right. >> we do want to wish him a happy birthday. >> thank you. thank you. >> all right. thank you, everybody. >> that would be all be nice if he well a tough portion stance -- negotiation stance and he does not and it seems frustrating to people who don't agreey with boehner and don't want to wish him a happy birthday. >> a different situation when reagan and tip o'neill were working together and o'neill would stand up on the president and the president would stand up to tip o'neill and now vuboehner standing up to the president and the president not standing up to boehner. larry cudlow have -- they have been talking about capping deductions to br
look here we go with more boehner love. i have to show this. this happenedda at the end of the meaning. >> wait, wait, excuse me there is one other point that i want to make and that is my understanding is material is speaker boehner's birthday. for those of you who want to wish hip a happy birthday -- we not not embarrass him with a cake because we didn't know how many candies were needed. >> yeah, right. >> we do want to wish him a happy birthday. >> thank you. thank...
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Nov 17, 2012
11/12
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they are the ones doing the public posturing for him. >> i think also that john boehner does not have a strong hand. he has got a caucus that has dug in its heels on any kind of compromise. i saw this picture of john boehner, this cartoon character, holding a football and saying to president obama "trust me." >> there was an election on november 6 and the democrats did not do that badly. who is here? >> everybody has got to give. >> it really is true. you cannot tax your way out of this debt, you cannot slash expenses and get out of this in debt. you have got to do both. >> somewhat gradually. >> the president seems to be offering a two-for-one deal -- for every $1 of tax increase, he will cut expenses by $2. simpson-bowles wanted a one-to-3 ratio. the republicans want zero. >> but they have the business community that does not want us to go for the cliff -- >> if you use a different language, are there republicans amenable to an increase in taxes -- >> use the word "revenue." >> nancy pelosi took the position, a good negotiating position, that it ought to be $1 million to hundred $50
they are the ones doing the public posturing for him. >> i think also that john boehner does not have a strong hand. he has got a caucus that has dug in its heels on any kind of compromise. i saw this picture of john boehner, this cartoon character, holding a football and saying to president obama "trust me." >> there was an election on november 6 and the democrats did not do that badly. who is here? >> everybody has got to give. >> it really is true. you...
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Nov 16, 2012
11/12
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we saying to speaker boehner, here is what we need in revenue as part of a balanced plan. we think you get there by reagans the rates to the clinton era levels. we will look at it, we think the way to do it is to have the rate return for high income earners for clinton era levels. >>neil: is this guy creating a distraction for this guy? ♪ buy 5-hour energy pink lemonade and ♪ ♪ you can help others along the way. ♪ ♪ a portion of every bottle that they sell goes to fight ♪ ♪ breast cancer and i think that's swell. ♪ ♪ the more you take, the more they'll pay, ♪ ♪ so make them write a big check today. ♪ ♪ and if you're feeling a little slow, ♪ ♪ then 5-hour energy will help you go. ♪ ♪ so buy a bottle of pink lemonade and ♪ ♪ you can help fight breast cancer today. ♪ >>neil: a sex scandal ended this man's career, and how much could it affect this man's career, saying that c.i.a. new from day one benghazi attack was terrorism and the white house said otherwise. the ball is in the president's court the next move could make. >> the differe
we saying to speaker boehner, here is what we need in revenue as part of a balanced plan. we think you get there by reagans the rates to the clinton era levels. we will look at it, we think the way to do it is to have the rate return for high income earners for clinton era levels. >>neil: is this guy creating a distraction for this guy? ♪ buy 5-hour energy pink lemonade and ♪ ♪ you can help others along the way. ♪ ♪ a portion of every bottle that they sell goes to fight ♪ ♪...
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Nov 17, 2012
11/12
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boehner. is it any different, or is this just about, i don't know, smoke and mirrors? >> well, i think the atmosphere is certainly different as you mentioned. in the past, these guys would go back to capitol hill and put out competing statements about what went on during the meetings. you saw what happened last year during the debt ceiling negotiations. this time it was one big happy family. there certainly seems to be some sort of recognition on the part of how fed up american people with sort of the seeing this game of chicken being played at such a high stakes time. i think there is certainly, after this election, there is kind of a let's get down to business. let's see if we can get this thing done. whether that can translate -- david just said, the biggest sticking point, taxes on the wealthy is still on the table. you can sing happy birthday to john boehner as much as you want. gwen: he would still say no. >> absolutely. i think it's really premature to try to predict what is going to ha
boehner. is it any different, or is this just about, i don't know, smoke and mirrors? >> well, i think the atmosphere is certainly different as you mentioned. in the past, these guys would go back to capitol hill and put out competing statements about what went on during the meetings. you saw what happened last year during the debt ceiling negotiations. this time it was one big happy family. there certainly seems to be some sort of recognition on the part of how fed up american people...
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Nov 12, 2012
11/12
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FOXNEWS
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if what speaker boehner was saying he was truly willing to get office ready we begin to work with one another. if what he is simply saying is what republicans used to say which is we are going to lower rate on the wealthy and that will somehow generate -- >> he was talking about closing loopholes and deductions. >> the jury is out still on the -- let me be clear. the tone was good. i think the jury is out on what he said. others may have to clarify. but he said something in a very hurtf artful way in which many people heard differently. >> are you willing to accept more revenue if it doesn't mean the bush tax cut has to be rescinded for the wealthy and rises from 35 to 39 percent. if they make the matt work. >> the issue is the math. the starting point should be going back to clinton era rates. then proceeding with tax reform as the speaker may have been talking about if he was generally talking about eliminating revenues to eliminating loopholes. >> let's right now extend the bush tax cut rates for the 98 percent of the people making less than 250,000 dollars. he says i will sign it
if what speaker boehner was saying he was truly willing to get office ready we begin to work with one another. if what he is simply saying is what republicans used to say which is we are going to lower rate on the wealthy and that will somehow generate -- >> he was talking about closing loopholes and deductions. >> the jury is out still on the -- let me be clear. the tone was good. i think the jury is out on what he said. others may have to clarify. but he said something in a very...
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Nov 17, 2012
11/12
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CNNW
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president obama state what his position is, which honestly everyone already knows and house speaker john boehner stated what his feeling is on dealing with the fiscal cliff. and that sort of perfunctory here's my position sort of gave way to a back and forth between these two leaders. nothing was settled, but the tone was reportedly good and both republicans and democrats in the room seemed aware this would come down to dealing with tax reform and entitlement reform, and the source told me when the president raised the issue of increasing revenue, there was no, "no, we're not going to do that" from republicans, and when republicans talked about entitlement reform, the president agreed that was something that has to be done. >> well, it sounds good, but do you think when it comes down to the brass tacks both sides are actually ready to bend a bit? >> reporter: i think they're ready to bend than they were going into that whole debacle that was the debt situation. there are some specifics that need to be sorted out for sure, exactly how to raise revenue. as you know, democrats would like to raise t
president obama state what his position is, which honestly everyone already knows and house speaker john boehner stated what his feeling is on dealing with the fiscal cliff. and that sort of perfunctory here's my position sort of gave way to a back and forth between these two leaders. nothing was settled, but the tone was reportedly good and both republicans and democrats in the room seemed aware this would come down to dealing with tax reform and entitlement reform, and the source told me when...
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Nov 18, 2012
11/12
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CNNW
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i want to start out by playing two bits of sound from both speaker boehner and president obama on staking out what they would like to see in a deal to get rid of this fiscal cliff. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford. >> gosh, that doesn't sound like you all are anywhere closer to a deal now than you were prior to the election. congressman price, where is there room for compromise here? >> there is certainly room for negotiation on a real solution, and a real solution includes both revenue increases and spending reductions. the reason we have concern about what the president is talking about and what my friends on the other side of the aisle have talked about is that it doesn't solve the problem. if we take the president's deal, that he has brought to the table, do you know how many days that pays for the federal government? eight days. not months. eight days. we neat to look at increasing revenue through pro-growth policies. as wel
i want to start out by playing two bits of sound from both speaker boehner and president obama on staking out what they would like to see in a deal to get rid of this fiscal cliff. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford. >> gosh, that doesn't sound like you all are anywhere closer to a deal now than you were prior to the...
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Nov 18, 2012
11/12
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KQED
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. >> boehner as a caucus that has dug in its heels on any kind of compromise. the picture of the john boehner, this cartoon character, holding a football, saying to president obama, "ust me it." >> you know, there was an election on november 6, and the democrats did not do that badly. who gives here? >> everybody has got to give. >> you say it and say and say, but you cannot tax your way out of this debt and you cannot slash expenses and get out of this and get rid you have got to do both. >> someone gradually. >> president seems to be offering a two-for-one deal, for every $1 of tax increase, he will cut taxes by two dollars. simpson-bowles wanted a one-to-3 ratio. publicans 10. -- republicans want zero. >> business community does not want us to go over the cliff. >> what the republicans amenable to increases in taxes -- >> use the word "revenue." >> you had nancy pelosi taking the position -- $1 million, not $250,000. john mccain has suggested make it $500,000. that is where the movement is going to come, with that number. >> is there a deal in the works behi
. >> boehner as a caucus that has dug in its heels on any kind of compromise. the picture of the john boehner, this cartoon character, holding a football, saying to president obama, "ust me it." >> you know, there was an election on november 6, and the democrats did not do that badly. who gives here? >> everybody has got to give. >> you say it and say and say, but you cannot tax your way out of this debt and you cannot slash expenses and get out of this and get...
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Nov 17, 2012
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CNN
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republicans john boehner and mitch mcconnell and democrats nancy pelosi and harry reid. >> we had a very constructive meeting with the president to talk about america's fiscal problem. >> we all know something has to be done. >> it was good. i feel confident that a solution may be in sight. >> we're prepared to put revenue on the table, provided we fix the real problem. >> tax hikes and spending cuts could go into effect simultaneously if no deal is reached on the fiscal cliff by the end of the year, both sides have said they are willing to compromise. house speaker boehner says republicans realize that neither side will get everything it wants. >>> exactly one week after he abruptly resigned as head of the cia, david petraeus was back on capitol hill. he met yesterday behind closed doors to brief lawmakers on the september 11th attack on the u.s. consulate in benghazi. according to lawmakers who were there, petraeus now says the attack was an act of terrorism and not the result of a spontaneous anti-western demonstration as initially reported. four americans died in the benghazi inciden
republicans john boehner and mitch mcconnell and democrats nancy pelosi and harry reid. >> we had a very constructive meeting with the president to talk about america's fiscal problem. >> we all know something has to be done. >> it was good. i feel confident that a solution may be in sight. >> we're prepared to put revenue on the table, provided we fix the real problem. >> tax hikes and spending cuts could go into effect simultaneously if no deal is reached on the...